Key Details
- The company originally submitted a disclosure under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 on 11th June 2026
- The proposed transaction involved an off-market inter-se transfer of 13,22,154 equity shares of VMS TMT Limited
- The acquirer, Rishabh Sunil Singhi, has formally withdrawn the prior intimation and decided not to proceed with the acquisition
- The proposed inter-se transfer will not be proceeding as initially planned
Parties Involved
- Acquirer: Rishabh Sunil Singhi
- Company Secretary and Compliance Officer: Shikha Ranjan (Membership No.: A38002)
Current Status
The prior intimation dated 11th June 2026 is to be treated as null and void. The company has requested both National Stock Exchange of India Limited and BSE Limited to take this withdrawal on record.
Financial Impact
No financial impact disclosed. The withdrawal prevents a potential change in ownership structure that would have involved 13,22,154 equity shares.